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Sensitivities

Indicative price and currency sensitivities 2012
Commodity price sensitivity +/- 10%  
NOK million EBIT
Aluminium 2 700
Oil (300)
Petroleum coke (300)
Caustic soda (100)
Pitch (70)
Coal (50)

 

Currency sensitivities +/- 10%        
NOK million EBIT Financial items Income before tax Net income
USD 2 250 (400) 1 850 1 350
BRL (850) 650 (200) (100)
EUR (150) (850) (1 000) (700)

 

  • Annual sensitivites based on expected business volumes for 2012 , LME USD 2 200, Oil USD 110 per bbl, petroleum coke USD 550 per tonne, caustic soda USD 300 per tonne, pitch EUR 500 per tonne, coal USD 100 per tonne, NOK/USD 5.70, NOK/BRL 3.25, NOK/EUR 7.70
  • Aluminium price sensitivity is net of aluminium price indexed costs and exclusive of Vale-hedge and unrealized effects related to operational hedging.

 

Updated: December 15, 2011
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Sensitivities